BNET Industries

Last Fiscal Year Sales:$257.9M
  • Private
  • US
Dow Jones Description

Security & Commodity Exchange; Provider of Financial Service

Chief Executive Officer
William J. Brodsky
Number of Employees 700
Contact Information

400 S Van Buren

Chicago, Illinois 60605

www.cboe.com

(312) 786-5600

NAICS Code Securities and Commodity Exchanges: 523210

Recent Events

  • UPDATE 3-CBOE settles suit, clearing path to merger or IPO

    12/01/09 - Legal Settlement - View Story

  • LiquidPoint Selects Equinix NY4 for East Coast Data Center

    7/01/09 - Product Announcement - View Story

News & Analysis

chicago board options exchange and portals - All News and Analysis

Decision Makers

Name (plus bio) Position
William J. Brodsky Chief Executive Officer
Edward J. Joyce President & COO
Alan J. Dean CFO & Executive Vice President
Gerald T. O'Connell CIO & Executive Vice President
Mark S. Novak CTO, Sys Dev & Vice President
Timothy H. Thompson Senior Vice President & Chief Regulatory Officer
Edward L. Provost Executive Vice President, Business Dev
Joanne Moffic-Silver General Counsel, Secretary & Executive Vice President
Richard G. DuFour Executive Vice President
Donald R. Patton Controller & Vice President, Accounting
Eric J Frait Vice President of Strategic Planning
Gautam Roy Vice President of Software
Joseph Levin Vice President, Res & Product Dev
Lawrence J. Bresnahan Vice President, Finance & Sales Practice Compliance
Matthew T. Moran Vice President, Institutional Marketing
Thomas A. Brady Vice President, Member Trading Services
William J. White Vice President, Member Trading Services
Ben Londergan Director, Floor
Howard S. Suskin Arbitrator
James Corydon
Kyoshi Martha Fourt Software Engineer
Marlene Arteta
Michael Mollet
John S Stafford Member

Board of Directors

Name (plus bio) Position
Bob Iannotta Board of Directors
Bradley G. Griffith Board of Directors
Carole E. Stone Board of Directors
Gary Weber Board of Directors
Howard L. Stone Board of Directors
James P. MacGilvray Board of Directors
James R. Boris Board of Directors
Janet P. Froetscher Board of Directors
Jon Werts Board of Directors
Jonathan G. Flatow Board of Directors
R. Eden Martin Board of Directors
Rick Palmore Board of Directors
Roderick A. Palmore Board of Directors
Samuel K. Skinner Board of Directors
Scott Gordon Board of Directors
Stuart J. Kipnes Board of Directors
Susan M. Phillips Board of Directors
Thomas A. Petrone Board of Directors
Thomas H. Patrick Board of Directors
William R. Power Board of Directors

Organization Position Status
Chicago Board Options Exchange Chief Executive Officer Current
People's Energy Corp. Chief Executive Officer Current
Onechicago, LLC Chairman and Chief Executive Officer, Chicago Board Options Exchange Current
Chicago Board Options Exchange Chairman Current
Northwestern Memorial HealthCare Chairman, Investment Committee Current
People's Energy Corp. Chairman Current
Syracuse University Board of Directors Current
CME Group, Inc. CEO Former
CME Group, Inc. Coo Former
CME Group, Inc. Executive Vice President Former
The American Stock Exchange LLC Senior Officer Former
People's Energy Corp. Director Former
Northwestern Memorial HealthCare Board of Directors Former

Organization Position Status
Chicago Board Options Exchange President & COO Current
Chicago Board Options Exchange Board of Directors Current

Organization Position Status
Chicago Board Options Exchange CFO & Executive Vice President Current

Organization Position Status
Chicago Board Options Exchange CIO & Executive Vice President Current

Organization Position Status
Chicago Board Options Exchange CTO, Sys Dev & Vice President Current
Chicago Board Options Exchange Vice President, Sys Development Former

Organization Position Status
Chicago Board Options Exchange Senior Vice President & Chief Regulatory Officer Current
Chicago Board Options Exchange Senior Vice President Former

Organization Position Status
Chicago Board Options Exchange Executive Vice President, Business Dev Current

Organization Position Status
Chicago Board Options Exchange General Counsel, Secretary & Executive Vice President Current
Chicago Board Options Exchange General Counsel & Secretary Former

Organization Position Status
Chicago Board Options Exchange Executive Vice President Current

Organization Position Status
Chicago Board Options Exchange Controller & Vice President, Accounting Current

Eric J. Frait is Vice President of Strategic Planning for the Chicago Board Options Exchange, and also serves as the liaison to the Floor Directors Committee, the senior advisory committee to the Board, and as an aide to the CEO and Office of the Chairman. Mr. Frait has been a key figure in the development and implementation of several CBOE initiatives, including the Hybrid 2.0 market model. Prior to his current role at the CBOE, he served as a Senior Staff Instructor with the educational arm of the CBOE and as an Investigator in the Regulatory Division. Before joining the CBOE, Mr. Frait was employed by Hull Trading Company, LLC as well as the futures and securities division of Harris Bank Chicago. Mr. Frait has a Bachelors of Arts in Political Science and Russian Studies from the University of Iowa and an MBA with honors from Loyola University Chicago.

Organization Position Status
Chicago Board Options Exchange Vice President of Strategic Planning Current
Hedgestreet, Inc. Co-Chairman Current
CBOE Senior Staff Instructor Former
Loyola University MBA With Honors Former

Organization Position Status
Chicago Board Options Exchange Vice President of Software Current
Chicago Red Cross Board of Directors Current
The Habitat Company Inc. Board Member Current
Kellogg School of Management at Northwestern University Master's In Business Administration Former
Bowie State University Bachelor's Degree In Mathematics Former
University of Maryland Degree Former

Organization Position Status
Chicago Board Options Exchange Vice President, Res & Product Dev Current

Organization Position Status
Chicago Board Options Exchange Vice President, Finance & Sales Practice Compliance Current

Organization Position Status
Chicago Board Options Exchange Vice President, Institutional Marketing Current

Organization Position Status
Chicago Board Options Exchange Vice President, Member Trading Services Current

Organization Position Status
Chicago Board Options Exchange Vice President, Member Trading Services Current

Organization Position Status
Chicago Board Options Exchange Director, Floor Current

Howard S. Suskin is a partner in Jenner & Block LLPs Chicago office and is a member of the firm's Litigation Department. He is chair of the firm's Class Action Litigation Practice and co-chair of the firm's Securities Litigation Practice. He has substantial first-chair experience representing individuals and business entities in civil and criminal securities matters, including securities fraud and misrepresentation claims, derivative actions claiming breach of fiduciary duty, contests for corporate control, insider trading investigations, broker-dealer issues, and arbitrations. He serves as arbitrator and mediator for F1NRA and as arbitrator for the American Arbitration Association, Chicago Board Options Exchange, Circuit Court of Cook County, and the National Futures Association. Mr. Suskin is an active member of the ABA Securities Law Committee, including serving as co-chair of the Class and Derivative Actions Subcommittee. He has served as chairman of the Chicago Bar Association's Bench & Bar Committee, Class Action Committee, Financial and Investment Services Committee, and Securities Law Committee. He is a frequent author and speaker on issues relating to class actions and securities law, including serving as editor and co-author of the West Publishing Illinois Civil Litigation Guide (1998-2008 editions) and the ABA's Annual Survey of State Class Action Litigation, and serves as a faculty member of the Practicing Law Institute. Mr. Suskin graduated from Northwestern University with distinction, where he was elected to Phi Beta Kappa, and obtained his J.D. degree with honors from the University of Michigan Law School, where he was a member of the Michigan Law Review.

Organization Position Status
Mentorcle Instructor Current
Chicago Board Options Exchange Arbitrator Current
Michigan Law Review Board of Directors Former
Northwestern University Former

Array

Organization Position Status
Crestview Capital Funds Trader Current
Chicago Board Options Exchange Current
CBOE Former
University of Illinois BA In Accounting Former

Kyoshi Martha holds a 5th degree black belt in Seido Karate. She has taught in the adult Seido Karate program since 1988. A software engineer at Chicago Board Options Exchange, she holds a BA from the University of Chicago. I was one of the very first students in 1985 in the karate program that became Thousand Waves. I fell in love with it and never stopped. At various times in my life I have also studied other arts including aikido, kyudo, and tai chi; but Thousand Waves is my martial arts home and family. When I teach, my most important goals are always to communicate to my students my own love of karate, and to try to help each one, regardless of athletic ability, feel that he or she can learn this art and find it rewarding. Teaching brings me out of myself, lets me enjoy my students' progress, and compels me to deepen and articulate my understanding of my art.

Organization Position Status
Chicago Board Options Exchange Software Engineer Current
Thousand Waves Instructor Current
University of Chicago BA Former

Organization Position Status
Epitome Marketing President Current
Banker Exchange LLC Vice President, Marketing Current
Tic Properties, LLC Vice President, Marketing Current
The Rylander Company Inc. Current
Tax Strategies Group, LLC Current
Chicago Board Options Exchange Current
Gemini Real Estate Advisors, LLC Former
DePaul University Master's Degree In Marketing Former
University of Illinois at Chicago Bachelor's Degree In English Former

Array

Organization Position Status
Public Interest Law Initiative Financial Assistant Current
University of Notre Dame Bachelor's Degree In Finance Former

Bob joined The Gabriele Group in 1998. Bob has been a member of The Chicago Board Options Exchange (CBOE) since 1982 and is currently a member Lessor. As an individual Market Maker trading various equity and index products, Bob participated in a period of significant growth at the CBOE. He has served on various committees at the exchange. Prior to becoming a Market Maker, Bob served as a Senior Manager at KPMG. During his 9 year career in public accounting, he specialized in the financial services sector, primarily securities and banking. Bob received his BS in accounting from Northern Illinois University, and is a member of the American Institute of Certified Public Accountants and the Illinois CPA Society.

Organization Position Status
The Gabriele Group Current
Gabriele and Associates Current
Chicago Board Options Exchange Board of Directors Current
Illinois CPA Society Board of Directors Current
Illinois CPA Society Member Current
Chicago Board Options Exchange Member Current
American Institute of Certified Public Accountants Member Current

Organization Position Status
Chicago Board Options Exchange Board of Directors Current

Organization Position Status
Chicago Board Options Exchange Board of Directors Current

- Mr. Weber became a Principal and Managing Partner at Alaron in April 2004. He is a principal at Alaron Holding Corporation and serves on Alaron's Board of Directors. He is actively involved in overall company business and product development. He is also President of GJ Brokerage, LLC and GJ Direct, which specialize in electronic trade execution. He has over 23 years experience in the futures industry and has been an independent broker and trader at the Chicago Mercantile Exchange (CME) since 1983. From 1981 to 1983 he was a broker for Glass-Ginsburg, Ltd., then the largest foreign currency arbitrage firm on the International Monetary market (IMM). Mr. Weber is a member of the CME, CBOT, New York Board of Trade (NYBOT), and Chicago Board Options Exchange (CBOE), and is currently undergoing the membership process at the Minneapolis Grain Exchange and the Kansas City Board of Trade. He has served on several committees at the CME, including the Foreign Currency Steering and Membership Committee. Mr. Weber has a BA in Economics from Cornell University and attended Northwestern University's Kellogg School of Management.

Organization Position Status
CME Group, Inc. Trader Current
New York Board of Trade Board of Directors Current
CBOE Board of Directors Current
Chicago Board Options Exchange Board of Directors Current
Northwestern University Ba In Economics Former

Organization Position Status
Chicago Board Options Exchange Board of Directors Current

Organization Position Status
Chicago Board Options Exchange Board of Directors Current

Organization Position Status
Chicago Board Options Exchange Board of Directors Current

Organization Position Status
Chicago Board Options Exchange Board of Directors Current

Organization Position Status
Chicago Board Options Exchange Board of Directors Current

Organization Position Status
Chicago Board Options Exchange Board of Directors Current

Organization Position Status
Chicago Symphony Orchestra Life Trustee Current
Sidley Austin LLP Of Counsel Current
Northwestern University Audit Committee Chair Current
Aon Corporation Director Current
Northern Illinois Gas Company Board of Directors Current
Nicor Inc. Board of Directors Current
Chicago Board Options Exchange Board of Directors Current
Aon Corporation Compliance Committee Member Current
Sidley Austin LLP Partner Former
Sidley Austin LLP Management Committee Chairman Former
Northwestern University Member, Board of Trustees Former
Jessup International Moot Court Team member Former

Rick Palmore currently serves as Executive Vice President, General Counsel, and Chief Compliance and Risk Management Officer at General Mills. Prior to his appointment at General Mills, Mr. Palmore served as Deputy General Counsel and later as Vice President of Sara Lee Corp. While working for Sara Lee Corp., he became widely recognized through his initiative as the author of "A Call to Action: Diversity in the Legal Profession." This initiative has been a milestone in the effort to increase diversity within law firms that serve the needs of many large corporations. Mr. Palmore received his juris doctor from the University of Chicago Law School in 1977 and his bachelor's degree from Yale University in 1974.

Organization Position Status
General Mills, Inc. Chief Compliance and Risk Management Officer Current
Twin Cities Diversity In Practice Executive Vice President, General Counsel Current
General Mills, Inc. Executive Vice President Current
General Mills, Inc. General Counsel Current
Chicago Board Options Exchange Board of Directors Current
Chicago Symphony Orchestra Board of Directors Current
Twin Cities Diversity In Practice Board of Directors Current
The University of Chicago Law School Juris Doctor Former
Yale University Undergraduate Degree In Economics Former
University of Chicago Degree Former

Roderick A. Palmore Executive Vice President, General Counsel, Chief Compliance and Risk Management Officer Rick Palmore has overall responsibility for the company's global legal activities, corporate ethics and compliance, and corporate security. He is chair of the company’s Enterprise Risk Management Committee. Rick joined General Mills in 2008. In his previous position at Sara Lee, he served as executive vice president and general counsel. He had joined Sara Lee in 1996 as deputy general counsel. Rick was promoted to senior vice president, general counsel, and secretary in 1999, and was named an executive vice president in 2004. Rick has made a broad impact on the legal profession through his leadership of “Call To Action,” an initiative he helped to launch with his peers to improve minority representation and mobility within law firms that provide services to major corporations. Earlier in his career, Rick was a partner with two major Chicago law firms, where he focused on business litigation. He joined Wildman, Harrold, Allen, and Dixon in 1983 as an associate and was elected a partner in 1986. He subsequently moved to Sonnenschein, Nath, and Rosenthal as a partner in 1993. Previous to that, Rick spent three years as assistant U.S. attorney for the Northern District of Illinois. Rick earned his undergraduate degree in economics from Yale University and his law degree from the University of Chicago. He is currently on the boards of both the Chicago Board Options Exchange and the Chicago Symphony Orchestra.

Organization Position Status
Board Member, Inc. Executive Vice President, General Counsel and Chief Compliance & Risk Management Officer, General Mills Current
General Mills, Inc. Chief Corporate and Risk Management Officer Current
Lex Mundi, Ltd. Executive Vice President Current
Chicago Board Options Exchange Board of Directors Current
Centers for New Horizons, Inc Director Current
Public Interest Law Initiative Director Current
Association of Corporate Counsel Director Current
Chicago Symphony Orchestra Member, Board of Trustees Current
Nuveen Investments, Inc. Director Current
Board Member, Inc. Board of Directors Current
General Mills, Inc. Executive Vice President Former
Sonnenschein Nath & Rosenthal Llp Partner Former
General Mills, Inc. General Counsel Former
Sara Lee Corporation Board of Directors Former
Chicago Bar Foundation Board of Directors Former
The University of Chicago Law School Juris Doctorate Degree Former
Yale University Bachelor of Arts Degree In Economics Former

Organization Position Status
Chicago Board Options Exchange Board of Directors Current

Scott Gordon joined Rosenthal Collins Group as President and Chief Executive Officer in March 2004. In September 2007, he added the title of Chairman to his CEO responsibilities. Prior to his arrival at RCG, Mr. Gordon was President and Chief Operating Officer of Tokyo-Mitsubishi Futures, a wholly owned subsidiary of The Bank of Tokyo-Mitsubishi, Ltd. As Chairman of the Board of the Chicago Mercantile Exchange from 1998 to 2002, he guided the CME through the development and execution of a strategic plan that transformed the exchange from a mutual membership organization to a for-profit stock corporation, the first U.S. financial exchange to take this step. He served as a Director of the exchange from 1982 to 2004. Mr. Gordon's career in the futures industry spans more than 30 years. During that time, he has been a trader, a floor broker, a clearing firm executive and an exchange official. From 1974 through 1983, he held various trading and management positions with Rosenthal & Co., and from 1983 until 1988, he held similar positions at Dellsher Investment Company. From 1989 to 2004 he served in senior executive roles with Tokyo-Mitsubishi Futures and its predecessor firms. He is a former member of the CME, as well as the Chicago Board of Trade and the Chicago Board Options Exchange. Mr. Gordon was a founding Board member of OneChicago, and also served on the Board and Executive Committee of the National Futures Association (NFA). He is currently a trustee of the Institute for Financial Markets. Mr. Gordon received a B.S. in mathematics, cum laude, from Union College in Schenectady, New York.

Organization Position Status
RCG Onyx Chairman & Chief Executive Officer Current
Sweet Futures Chairman & Chief Executive Officer Current
RCG Trader Chairman & Chief Executive Officer Current
Rosenthal Collins Group Chairman & CEO Current
CME Group, Inc. Chairman Former
Rosenthal Collins Group President Former
Union College B.S. In Mathematics Former

Organization Position Status
Chicago Board Options Exchange Board of Directors Current

Organization Position Status
The George Washington University Dean, School of Business and Public Management Current
The Kroger Co. Board Director Current
Chicago Board Options Exchange Board of Directors Current
State Farm Mutual Automobile Insurance Co. Board Director Current
The Kroger Co. Financial Policy Committee Member Current

Organization Position Status
Chicago Board Options Exchange Board of Directors Current

Organization Position Status
Chicago Board Options Exchange Board of Directors Current

Organization Position Status
Chicago Board Options Exchange Board of Directors Current

Between 1996 and 2001, Mr. Stafford was a Managing Director of Stafford Trading, Inc., a business primarily involved in proprietary trading operations and venture capital investments. The company, headquartered in Chicago, operated a successful specialist and market making business and conducted proprietary trading in equities, futures and fixed income products. Mr. Stafford's venture capital activities consisted of investments in over 40 companies, and he is a Board Member on several of these companies, including Clinical Micro Sensors, Inc., Xencor and All Optical Networks, Inc. At the end of 2001, the Company was purchased by TD Options, LLC and Mr. Stafford became Chief Executive Officer of Ronin Capital, LLC, a registered broker dealer with proprietary trading operations encompassing equity, fixed income and derivative securities. The Company is a Member of The Chicago Board Options Exchange, The Chicago Board of Trade, The Chicago Mercantile Exchange and other U.S. principal exchanges. Mr. Stafford attended The University of Chicago.

Organization Position Status
Chicago Board Options Exchange Member Current
Xencor, Inc. Director Current
CME Group, Inc. member Former
University of Chicago Former

Executive News

  • Exchanges differ on SEC-CFTC rule alignment

    Forbes.com - 9/02/09 - View Story

  • CFTC, SEC Seek Common Ground

    The Wall Street Journal Interactive Edition - 9/02/09 - View Story

  • Exchange Executives Debate Insider Trading In Futures

    Morningstar.com - 9/02/09 - View Story

  • SEC, CFTC coordination worries exchange chief

    San Jose Mercury News - 9/02/09 - View Story

  • Exchange Chiefs Differ on SEC, CFTC

    The Wall Street Journal Interactive Edition - 9/01/09 - View Story

  • UPDATE: Appeals Filed Against CBOE Demutualization Plan

    Morningstar.com - 8/28/09 - View Story

  • Legal Rebels With a Cause

    Law.com - 8/26/09 - View Story

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